Results 26 to 30 of 30
-
05-10-2018, 09:27 AM #26
- Join Date
- Jun 2017
- Posts
- 2,049
I have a file now. Used Auto. 500k Monthly Deposits.... 8 Positions. 1.5 Million Owed. 3 Mil in overall Funding (all at various stages)
I didnt do it.... but the crazy thing is..... it makes sense, they keep renewing, merchant is paying. its Insane.
Paying like 80k Weekly to MCA'sLast edited by ryan $; 05-10-2018 at 09:30 AM.
-
05-10-2018, 09:37 AM #27
- Join Date
- Oct 2016
- Posts
- 4,318
-
05-10-2018, 09:43 AM #28
- Join Date
- Jun 2017
- Posts
- 2,049
Deleted
-
05-10-2018, 09:49 AM #29
- Join Date
- Feb 2017
- Posts
- 3,468
-
05-10-2018, 09:54 AM #30
- Join Date
- Jun 2017
- Posts
- 2,049
It's taken care of.
Point of Post was some Used Auto Dealers are structured different.
This Merchant Uses Cash Advances as opposed to Floor Plan, Paying Cash for cars they get a 15k car for 7k, Increasing Profit to Justify Cash Advance cost. 5 year term doesn't really interest the merchant. They flip cars as fast as they take and repay the cash advances. It works.
Similar Threads
-
Auto Dealer on 3rd position
By shmullsky in forum Deal BinReplies: 4Last Post: 05-19-2017, 09:21 AM -
Used Auto Sales- 2nd Position
By eljets11 in forum Deal BinReplies: 6Last Post: 11-07-2016, 01:33 PM -
Auto Sales- Looking for consolodation or 4th position
By funddog in forum Deal BinReplies: 7Last Post: 10-26-2016, 11:53 AM -
Need A First Position Auto Lender
By ISO man in forum Merchant Cash AdvanceReplies: 7Last Post: 09-22-2016, 01:43 PM -
Auto Broker 2nd Position
By Cshoke in forum Deal BinReplies: 5Last Post: 08-18-2015, 10:46 AM